Summit Trail Advisors LLC Decreases Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Summit Trail Advisors LLC lowered its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,100 shares of the construction company’s stock after selling 105 shares during the period. Summit Trail Advisors LLC’s holdings in Simpson Manufacturing were worth $522,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Norges Bank purchased a new position in Simpson Manufacturing in the fourth quarter worth $81,069,000. D.A. Davidson & CO. raised its stake in Simpson Manufacturing by 4.2% in the fourth quarter. D.A. Davidson & CO. now owns 4,704 shares of the construction company’s stock valued at $931,000 after buying an additional 190 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Simpson Manufacturing by 5.9% in the fourth quarter. Corient Private Wealth LLC now owns 3,289 shares of the construction company’s stock worth $651,000 after acquiring an additional 182 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Simpson Manufacturing by 517.1% during the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock worth $109,911,000 after acquiring an additional 465,193 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Simpson Manufacturing by 6.6% during the fourth quarter. Stifel Financial Corp now owns 92,069 shares of the construction company’s stock valued at $18,228,000 after acquiring an additional 5,735 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In related news, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the sale, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director James S. Andrasick sold 500 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now directly owns 866 shares in the company, valued at $154,797.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Olosky sold 6,871 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the sale, the chief executive officer now directly owns 19,534 shares in the company, valued at $3,660,866.94. The disclosure for this sale can be found here. Insiders sold a total of 12,571 shares of company stock worth $2,348,027 over the last three months. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Down 3.0 %

SSD stock opened at $189.26 on Monday. The stock has a market capitalization of $7.98 billion, a PE ratio of 23.72 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $180.44 and a 200 day moving average of $179.68.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The company had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.04%.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.